List of New Core in South Core Neighbourhood
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Why Invest in South Core Real Estate?
South Core is located in the core of downtown Toronto, a thriving neighbourhood. Considered one of the fastest-growing neighbourhoods in the city, South Core is encircled by arterial downtown routes, Front Street to the north, Lower Jarvis Street to the east, Queens Quay in the South, and Lower Simcoe to the west. One of the many features new condos in South Core boast is the flawless location between two iconic Toronto districts, the Entertainment District and Financial District. Usually referred to as “SoCo”, the neighbourhood prides itself on receiving the nickname “mini Manhattan” due to its corporate offices and lively entertainment.
Why buy a Condo in South Core?
There has never been a better time to invest in South Core condos. SoCo is currently going through a rapid transformation with the development of new high-rises in the neighbourhood. SoCo receiving proposals to build corporate towers, as well as other homes, has marked SoCo’s future as the prime spot to live, work, and play. Surrounding neighbourhoods around SoCo from East Bayfront, the Port Lands, and Quayside have been undergoing drastic transformations as well. This can only mean that the waterfront’s urban centre, which incorporates all of these neighbourhoods, will be incomparable to its many life amenities. This will include connectivity to transits, local amenities, and employment opportunities. More so, the area is foreseen to add to the ever-growing tech industry of the city.
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Life in South Core
As the plans of building master-planned communities in South Core are still in the works, residents of South Core condos can easily access the Financial and Entertainment Districts of Toronto. The Financial District is home to banking companies, corporate headquarters, insurance companies, and so on. This can only mean that employment within the area is rich and versatile from corporate towers to fast-food and restaurant chains surrounding the area. After work, you can easily go to the Entertainment District to unwind. In need of a drink? Explore bars such as Flynn’s of Temple Bar, or Steam Whistle Brewery. Want to be a tourist in your city? Explore the iconic landmark of Toronto’s CN Tower and other great destinations such as Ripley’s Aquarium, Hockey Hall of Fame, Royal Alexandra Theatre and so much more. Activities in the Entertainment District are limitless and never dull and all of this is easy for you to take part in when living in South Core.
Average Prices of Condos in South Core
South Core has a balanced real estate market. According to the TREB data, the average price of all types of residences, including new condos in South Core is $938,504. In comparison to its neighbours, Mississauga averaged $1,187,122 in all types of residences. As of April 2022, new condos in South Core were priced on an average of $854,771 and spent an average of 13 days listed in the market. Rent in South Core is on an average of $2,000 per month for a 1-bedroom apartment.
